Stroke Imagine Processing Software Market

Market Overview

Stroke Imagine Processing Software Market Size Anticipated to grow at a higher CAGR  7.3 % During the Forecast Period.

Stroke imagine processing software serves as a boon in the early detection and timely diagnosis of strokes and another brain disease by evaluating and processing the brain scan image

The global Stoke Imagine Processing Software market is expected to witness a rapid growth rate during the forecast period owing to the rising number of geriatric population and increasing number of Haemorrhagic Stroke, and Ischemic Strokes worldwide. North America, Europe and Asia Pacific have registered some of the fastest growth aging population that are more vulnerable to stores and heart related diseases. Therefore these regions are likely to adopt a large number of stroke imagine processing software in the hospitals and clinics in the upcoming years. U.S. and Canada have registered some of the largest death rate due to stroke in the recent years. Ischemic Stroke is the most common among both types of strokes and affects a large number of people causing imparities in regular bodily functions or permanent paralysis. It is caused when a blood clot is found in the brain tissue hampering the normal blood flow. Therefore treatment of such stroke and early detection is highly recommended. Whereas Haemorrhagic Stroke are sudden and often lead to death. It is commonly found in a large number children as well as adults due to stress and hypertension. Such strokes are caused by the rupture of a blood carrying tissue and leakage of blood from that tissue. Therefore, government officials and healthcare facilities are highly investing towards the effective treatment of such cases. This is anticipated to rapidly boost the market economy in the upcoming years

Market Dynamics

Growing demand across hospital, clinics, and research institutes worldwide due to increasing number of stroke cases is driving market growth

Rising number of stroke-affected patients and the number of stroke-related treatments are the major driving factors of the global stroke imagine processing software market. Rise in the number of sophisticated applications help to visualize medical images and to manipulate them is positively impacting market growth. Large availability of free Open Source Software is also driving the market growth. High cost of installation and lack of skilled labor to operate the software is a major restraining factor in the overall market growth. Maintenance charges of such sophisticated software is another challenging aspect leading to a decline in the market growth. Some of the free applications have limitations in its use. However, rising demand for sophisticated computing tools that combine software and hardware to process medical images is expected to fuel the market growth. Graphic interface for evaluating, manipulating and post-processing images are further expected to propel market growth.Growing popularity of CT (Computerized Tomography), MRI (Magnetic Resonance Imagine), PET (Positron Emission Tomography), among others is anticipated to propel healthcare facilities to adopt imagine processing software for the accurate treatment of strokes

Segmental Analysis

Based on End User, the global stroke imagine processing software market is classified as Hospitals & Clinics, and Scientific Research Institutions. The hospitals and clinics segment is expected to grow at the highest CAGR, owing to the rising number of stroke-affected patients and the number of stroke-related treatments per year. Hospitals are extensively equipped with the latest imagine tools and software to conduct tests and treatment. They are joining forces with manufacturers and service providers to purchase high-end stroke image processing software to detect acute strokes. The healthcare infrastructure’s reformation across the globe is also expected to boost the segment growth. Several scientific research institutions and laboratories launched committees to perform research studies intending to improve and overcome glaring discrepancies in stroke care. The European Stroke Organization Executive Committee was initiated in 2007 to initiate certification processes for stroke imagine units and stroke centers. It is also devising future collaboration and research activities to build a sophisticated stroke care network in the region. National Stroke Registry Program (NSRP) was launched in 2012, inviting neurologists, radiologist’s practitioners, physicians, and public and community health specialists, participate in the research and development activities of stroke treatment solutions

On the basis of Application, the global stroke imagine processing software market is segmented as Haemorrhagic Stroke, and Ischemic Stroke. Hemorrhagic strokes are less common, contributing approximately 10% of all strokes. They occur when a blood vessel ruptures, and blood leaks into the surrounding tissue. A recent study by the American Strokes Association revealed that hemorrhagic strokes are responsible for over 40% of all stroke deaths. It is generally observed in children below the age of 20. Europe and Asia recorded the highest incidence of strokes, whereas Latin America recorded low rates in the last few years.  The application of stroke image processing software in the hemorrhagic stroke segment is anticipated to witness the second-largest growth due to its low occurrence. Ischemic stroke ensues when an artery supplying blood to the brain is blocked. The blockage typically surfaces at the neck or in the skull. Ischemic stroke is the most common kind of stroke, accounting for approximately 88% of all strokes, says Stroke Center of Dallas. The risk of ischemic stroke increases with age, typically occurring above the age of 60. Rising incidents of high blood pressure, hypertension, heart diseases, smoking, and diabetes among people across the globe are expected to increase the chances of ischemic strokes in the upcoming years

On the basis of Installation, the global stroke imagine processing software market is segmented as Desktop, and Mobile Phones & Tablets. Desktop-based stroke image processing software can run both as an online applet and as a downloadable application. They can display, edit, analyze, process, and print 8-bit, 16-bit, and 32-bit images, as well as read image formats such as TIFF, GIF, JPEG, BMP, DICOM, FITS, and others. Some software support stacks and hyper stacks for merging two or more images, requiring a single window. Hospitals are increasingly adopting stroke image processing software, owing to its multi-fold feature. Digitalization and penetration of IoT devices, such as smartphones and tablets, in the healthcare sector, encouraged manufacturers and service providers to develop diagnostic devices and solutions compatible with small screen devices. Phones and tablets are wireless, portable, and handy than heavy desktops.Therefore; mobile phone-based stroke image processing software is expected to grow at a second-highest rate during the forecast period.

Regional Analysis

North America is expected to dominate the global market during the forecast period due to early adoption of technology in the region

Artificial Intelligence (AI) and Machine Learning (ML) based software are engendering significant improvements in medical imagine interpretation in North America. Software, such as Computer-Aided Diagnosis (CAD), and MATLAB, among others, are being used by the region’s physicists to streamline the decision-making process. It aims to provide better results in the detection and interpretation of diseases in medical images. Modern CAD systems use Deep Learning (DL) and Representation learning (RL). Companies have started utilizing trained machine learning algorithms with connected devices, wherein after a software finds a blockage, it will send an alert to the doctor’s smartphone, asking him/her to review the image. This algorithm is anticipated to bring in new opportunities for market growth in the near future

Europe is expected to contribute a significant share in the global stroke imagine processing software market during the forecast period, owing to its well-developed healthcare infrastructure. Most European service providers are engaged in collaborations, partnerships, and mergers to gain a greater market share. Europe’s total annual expenditure on stroke treatments in 2017 surpassed USD 4.7 trillion, as stated by the Economic Impact of Stroke in Europe Report. Therefore, to reduce the number of stroke-affected people, European governments are taking preventive measures. For instance, the Stroke Action Plan for Europe 2018–2030 is largely focused on stroke research, quality measures, guidelines, and action plans for stroke management solutions

In Asia Pacific, software providers, hospitals, and government associations are significantly contributing to delivering the current and future directions in stroke image processing and management to improve patient outcomes. Organizations, such as the Asia-Pacific Stroke Organization (APSO), Philippine Neurological Association (PNA), Jiangsu Neurology Association (JNA), and the Hong Kong Stroke Society (HKSS), among others, annually conduct an Asia-Pacific Stroke Conference (APSC) in different countries in the region. Neuroscience experts, stroke and vascular neurology experts, and other intellectuals gather to discuss matters concerning research and developments in stroke management and tools that enhance diagnosis to achieve better outcomes.The implementation of organized and highly advanced stroke imagine processing software is limited and inadequate in developing economies such as China, India, and other Asian nations. The paucity of resources for rehabilitation is one of the critical causes that drive the demand for structured clinical pathways for thrombolysis and other defects. In July 2019, Japan approved RAPID, the global standard software for AI-powered stroke imagine processing

Latin America is expected to propel owing to the government’s uptake in the adoption of new and advanced technologies, and upgradation of healthcare infrastructure in the region. Key vendors in the region are entering into partnerships with the prominent players and research agencies of the United States. However, the intraregional collaboration of research on stroke has remained low among Latin American countries.Lack of public awareness pertaining to stroke risk factors in various regions is primarily influencing its growth. However, some countries are coming forward to participate in the national campaigns or seminars to learn more about the various symptoms of stroke and machines and other image processing techniques to implement in hospitals and research projects

Middle East & Africa region is actively strengthening pre-hospital care for the increasing number of patients facing strokes. Creating awareness regarding pre-hospital identification and management of acute stroke, among EMS staff in Dubai, has been initiated. The use of CAD, RAPID, and other software for fast and accurate stroke imagine processing will be rapidly adopted across hospitals during the forecast period

Recent Developments

Some of the recent actions taken by various countries to boost the global stroke imagine processing software market includes:

• Brainomix have released various software, such as e-ASPECTS version 6.0, to enhance its stroke imagine processing and offer effective solutions to its patients
• ai is a medical devices company and a leader in applied Artificial Intelligence in healthcare, which is training systems to process images to detect brain aneurysms and other causes of strokes
• The American Stroke Association (ASA) has formulated guidelines stating that Magnetic Resonance Imagine (MRI) or Computed Tomographic Angiography (CTA) should be performed in conjunction with vascular and perfusion studies for the Engineering Validation Test (EVT)
• Peru recently launched a program that focuses on screening and identification of stroke risk factors, upgradation of AI and machine learning-based diagnosis techniques and procedures, and implementation costs
• Guatemala developed a proposal with strategies focused on unhealthy food, exercise, hypertension, and early stroke detection

Stroke Imagine Processing Software Market Segmentation

By End-User

• Hospitals & Clinics
• Scientific Research Institutions.

By Application

• Haemorrhagic Stroke
• Ischemic Stroke

By Installation

• Desktop
• Mobile Phones & Tablets

By Region

North America

• U.S.
• Canada
• Mexico

Europe

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

LATAM

• Brazil
• Argentina
• Columbia
• Rest of LATAM

Middle East

• Saudi Arabia
• Oman
• Qatar
• Bahrain
• UAE
• Rest of Middle East

Africa

• Nigeria
• Tanzania
• South Africa
• Ghana
• Rest of Africa